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Hie there, please answer all parts of the question, please make sure to answer all of them in details feel free to use any diagrams
Hie there, please answer all parts of the question, please make sure to answer all of them in details feel free to use any diagrams or any equations for these questions. Please do include as much as you can. If we work for this question we will work in the long run for future questions and I am the VIP user and please do submit on time, thank you so much! If this goes well, 5 start straight away!
(B4) In the \"righttomanage\" model of unions, show graphically (on a graph with wages on the Y axis and employment, 1u, on the X axis) how a decrease in the elasticity of prots with respect to the wage aects the equilibrium wages and unemployment. Explain intuitively. [10 marks] (B5) (T/F/U) In the search model of unemployment seen in class, an increase in the job destruction rate does not affect the job nding rate, and as a result it does not affect equilibrium unemployment or vacancies either. [10 marks]Step by Step Solution
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